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Showing 13771 - 13780 of 18178 results for "superannuation"

NZ Super suffers $568m loss

RUTH LIEW  |  MONDAY, 29 SEP 2008
The world credit crisis has drawn blood from another victim, with New Zealand Superannuation Fund posting a loss of $568 million or 4.92 per cent for the year ended 30 June 2008. The 4.92 per cent figure was the fund's net return on investment for the ...

Perpetual makes key move into SMSFs

RUTH LIEW  |  MONDAY, 29 SEP 2008
... clients the highest possible levels of service," said Bloore. SMSFs are growing at a faster rate than any other superannuation sector, but fund manager penetration is at a low 20 per cent to date, according to Rainmaker data.

Vision pumps $450m into Millennium Global

RUTH LIEW  |  FRIDAY, 26 SEP 2008
The $4.3 billion industry fund Vision Super has awarded a $450 million mandate to specialist currency and alternatives manager Millennium Global Investments. This is the first Australian win for MGI, a London-based alternative investment manager with ...

LGSS affected by shorting ban

RUTH LIEW  |  FRIDAY, 26 SEP 2008
... the local investment industry, including upsetting the investment strategy of the $5.5 billion Local Government Superannuation Scheme. Around eight to 10 per cent of LGSS' investment portfolio is allocated to hedge funds that employ shorting strategies ...

Ex-Intech CEO joins Deloitte

COMPANY RELEASE  |  FRIDAY, 26 SEP 2008
Intech Investment Consultants' former chief executive Michael Monaghan has joined Deloitte's superannuation practice. Monaghan's appointment, along with the recruitment of senior Big Four superannuation tax partner, Noelle Kelleher, follow Deloitte's ...

AIST calls for higher co-contribs

MICHELLE BALTAZAR  |  THURSDAY, 25 SEP 2008
Australians have received $205 million more in superannuation co-contributions from the Federal Government this year compared to last year, adding to the more than $3 billion in funds received since the scheme was introduced - but a leading industry ...

SWFs back alternatives

RUTH LIEW  |  THURSDAY, 25 SEP 2008
The $3.8 trillion sovereign wealth funds sector is expected to pour more money into alternatives to diversify their portfolios, new research shows. "We can expect that sovereign wealth funds [will] progressively diversify into a broader range of investment ...

Clear focus to drive age pension reform

ALEX DUNNIN  |  THURSDAY, 25 SEP 2008
In reviewing the appropriate pension payment level, the government must decide if the fundamental purpose of the age pension is to reduce poverty or to replace income, argues the Institute of Actuaries (IA) in a new discussion paper. The paper, New ...

Super funds are not 'blameless'

MICHAEL HOBBS  |  THURSDAY, 25 SEP 2008
Super funds should take a closer look at their own role in the current capital market crisis and reassess their governance standards instead of blaming other firms, according to Donald MacDonald, BT Pension Fund trustee and UK PRI chair. Speaking at ...

ESG buck stops with super

MICHAEL HOBBS  |  THURSDAY, 25 SEP 2008
Better and broader environmental, social and governance (ESG) research will occur when the major players high on the 'supply chain' such as super funds demand it, according to John Coombe, JANA executive director. Speaking at the Responsible Investment ...